Mahendra Makhija

General Ledger & Financial Statements

• Assisting in preparation of Financial Statements as per applicable GAAP and requirements
• Posting final adjustment entries in general ledger to prepare and support Financial Statements
• General Ledger (R2R) & Inter-Company reconciliations
• Closing and reconciliations of Inter-company, Inter-location and clearing accounts
• Preparing accruals for outstanding expenses and charging off or adjusting prepaid expenses
• Periodic variance analysis of overall cost on project level and reporting the final variation with key factors of variations to controllership
• Mass allocation of various common expenses as per applicable criteria
• Preparing various schedules & reports – AP-GL reconciliation, accrual schedules, prepaid schedules, advance payment schedules

Fixed Assets

• Analyzing Capital Work in Progress (CWIP) account and bifurcating it into Capex and Opex items
• Connecting with business users to understand the process of installation and to know the date of capitalization
• Maintaining and analyzing Fixed Assets Registers (FAR)
• Doing physical verification of Fixed Assets as and when required
• Preparing budgets with the consultation of various user teams and comparing the actual results with budget
• Identifying the reasons on account of variances between budgets and actual results
• Preparing various reports & schedules i.e
• FA Schedules, Depreciation variance report, Fixed Assets & General Ledger reconciliation, Capital Work in Progress report, Capital Expenditure Accrual Report & Insurance Report etc
• Handling ad-hoc activities
• Analyzing periodical projected depreciation
• Analyzing useful life of assets and applying various cash flow and payback techniques e.g. Payback method, Net present value method, Internal rate of return (IRR) method
• Working on process automation.

Financial Reporting & Audit Support

• Receiving Primary Trial Balance in US GAAP from accounting team, applying IFRS adjustments on such Trial Balance and preparing updated Trial Balance
• Preparing Financial Statements as per the applicable IFRS
• Getting Financial Statements audited from auditors
• Communicating with auditors to resolve their audit queries
• Analyzing and reviewing evidence received from accounting & providing the same to auditors
• In-depth discussion with accounting team and auditors in case of any discrepancy between transactions and evidence
• Understanding the various accounting processes of Amex business e.g. Amex Network, Rewards points, Bank commission

General Ledger & Inter-Company reconciliations

• Closing and reconciliations of Inter-company, Inter location and clearing accounts
• Preparing accruals for outstanding expenses and charging off/adjusting prepaid expenses
• Periodic variance analysis of overall cost on project level and reporting the final variation with key factors of variations to controllership
• Mass allocation of various common expenses as per applicable criteria
• Supporting in various audits e.g. Statutory audit, Internal audit and SOX audit.

Financial Statements & Audit Support

Preparing Financial Accounts e.g. Ledger, Trial Balance and Financial Statements

• Inventory Maintenance, Taxation - VAT, Service Tax, Excise, CST, TDS, Advance Tax, Income Tax.
• Audit Support